Dailyanalysis
AUDNZD Sell trade opportunitiesAUDNZD Sell trade opportunities
AUDNZD Overall Bearish trend make a very strong Bearish candle on resistance D1 time frame and also Breakout H4 support trend line its very good opportunity to take a short trade here with stop loss above the support area
"Always trade with Stop Loss"
CADJPY Sell trade opportunitiesCADJPY Sell trade opportunities
CADJPY running on range and its ready to breakout if market close below the support area with very strong Bullish candle then market will be further move in bearish phase after confirmation of breakout wait to retracement then inter in sell journey with very good risk rewards
"Always trade with Stop Loss"
Nifty 50 Index analysisHello friends here you can get the fully ways in upcoming waves in the charts to get fully ways of length where thay will go and moves.
The points ABCD shows the #triangular #pattern
and
The points 12345 will shows the values in the length of #Elliot #waves to get full its full #strength
and
The points #ABC will show you the values get to complete the #correction #waves.
Seems like bull has win the few past day's consolidation
Nifty has made the solid base in the last couple of day's.
Now the strong support lies around at 18250/18200, if this remain intact nifty could break the resistance of 18323/18385 today.
Resistance lines has been coloured Red while Support is green ones.
Today's View on Bank NIfty (21st Oct'21)
Technical view :
Bank Nifty has made Doji on daily chart which could be a sign of reversal , so if it unable to hold the previous day's low then it may make a low of 38900.
Also if it able to break the Previous days high of 39775 , then it may make an all time high of 40000.
Comments :
Inflation worry and Earnings not up to the mark along with incessant rain has deepen the coal crisis and rubber production. Challenging situation in the middle of festivals but market has hope of better than expected recovery which may not let the market down much.
Today's View on Bank NIfty (12th Oct'21)
Comments :
Global outlook is bearish, Almost all index has ended up or trading in red.
Domestically things are tight due to surge in inflation , chip and coal shortage and all but upcoming festival could recover the economy significantly, so market may swing any way.
Technical :
After giving breakout of Ascending triangle, it does show the move of 200+ point but later retreated and back to to test the breakout level. So if sustain above 38100 level then it make new high to level 39940/ 39800 in coming days.
strong support lies at 37900, if this get breached we could see very bearish move afterwards and it may lead it to 37366 and then 37020.
Happy Trading.
Bajaj Auto showing a big divergence in RSIOn wedenesday the goverment of india also rs 26,058 crore for PLI(production-linked Incentive) scheme for auto, auto component industry and drone industry to enhance manufacturing in india.
RSI of NSE:BAJAJ_AUTO also showing a positive divergence in its daily chart. You can go for long on the daily chart of the bajaj auto. With the stop loss of 3805 because of its fibonacci retracement levels.
Sell AppleBased on previous analysis apple is ready for weekly pullback!
Check the previous analysis on my profile!
How to enter:
1. when the counter trendline is broken take a good R:R and sell
2. Taget is 140 but fir safety make is 140.5
3. Use Counter trendline and lower highs for stoploss!
All the best!
USD/JPY looks ready on daily timeframe!USD/JPY is seen to respect channel on daily and weekly timeframe!
This could be a potential down move, things to consider:
1. Weekly and daily channel formation
2. Weekly downward movement started
3. Strong Downtrend
How to enter:
1. Switch to 4hr timeframe
2. Find the daily/weekly resistance zone
3. Wait for the downward momentum on 4h
4. Use channel, bolliger bands and Fibonacci for TP AND SL
ALL THE BEST!
Bitcoin going to testing it's daily resistance, could it break?Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support.
At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40.6k(Daily Resistance), Next Would be 46-48k Resistance Area.
In Worst Case, In Case of Rejection, Bitcoin Might Retest the MA50 (34.4k) then it will go upto 31k(Daily support)
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
LNA-IRCTC, HEROMOTO, HDFCLIFE, ATULAUTO, AMARAJA, TAMO and moreLNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls
Late night Technical analysis talk 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
This is a series of videos I am starting so that I can give you guys what I think and am seeing for tomorrow also which stocks to add for tomorrow and how I hold my trades and think during the process :) your fav stocks and you want me to analyze plz comment on them so that I will analyze all of them tomorrow in the video :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Daily nifty analysis E-1Nifty trading strategy for tomorrow
Nifty looks positive as today's fall seems like retracement only. Nifty closes near support range 15770-15740 and near 61.8% Fib retracement level. Multiple supports on downside.
If nifty open flat or gap up, initiate long if 15 min candle closes above 15800 with SL - 15750. If nifty opens gap down wait for initial hour for trend confirmation.